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Side-by-side financial comparison of Dover Corporation (DOV) and WATSCO INC (WSO). Click either name above to swap in a different company.
Dover Corporation is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× WATSCO INC). Dover Corporation runs the higher net margin — 13.4% vs 6.1%, a 7.4% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 0.1%). Over the past eight quarters, Dover Corporation's revenue compounded faster (-1.8% CAGR vs -15.3%).
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
DOV vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $282.1M | $92.9M |
| Gross Margin | 39.1% | 27.9% |
| Operating Margin | 16.5% | 7.2% |
| Net Margin | 13.4% | 6.1% |
| Revenue YoY | 12.5% | 0.1% |
| Net Profit YoY | 22.2% | -1.7% |
| EPS (diluted) | $2.06 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.1B | $1.5B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $2.2B | $2.1B |
| Q1 26 | $282.1M | $92.9M | ||
| Q4 25 | $282.1M | $71.7M | ||
| Q3 25 | $302.0M | $161.6M | ||
| Q2 25 | $279.1M | $183.6M | ||
| Q1 25 | $230.8M | $80.1M | ||
| Q4 24 | $1.4B | $96.8M | ||
| Q3 24 | $347.1M | $171.0M | ||
| Q2 24 | $281.8M | $181.4M |
| Q1 26 | 39.1% | 27.9% | ||
| Q4 25 | 39.1% | 27.1% | ||
| Q3 25 | 40.1% | 27.5% | ||
| Q2 25 | 39.9% | 29.3% | ||
| Q1 25 | 40.0% | 28.1% | ||
| Q4 24 | 41.4% | 26.7% | ||
| Q3 24 | 38.5% | 26.2% | ||
| Q2 24 | 37.7% | 27.1% |
| Q1 26 | 16.5% | 7.2% | ||
| Q4 25 | 16.5% | 6.4% | ||
| Q3 25 | 18.2% | 11.4% | ||
| Q2 25 | 17.3% | 13.2% | ||
| Q1 25 | 15.9% | 7.3% | ||
| Q4 24 | 14.0% | 7.8% | ||
| Q3 24 | 16.8% | 11.6% | ||
| Q2 24 | 17.0% | 12.6% |
| Q1 26 | 13.4% | 6.1% | ||
| Q4 25 | 13.4% | 4.5% | ||
| Q3 25 | 14.5% | 7.8% | ||
| Q2 25 | 13.6% | 8.9% | ||
| Q1 25 | 12.4% | 5.2% | ||
| Q4 24 | 96.4% | 5.5% | ||
| Q3 24 | 17.5% | 7.9% | ||
| Q2 24 | 12.9% | 8.5% |
| Q1 26 | $2.06 | — | ||
| Q4 25 | $2.06 | $1.82 | ||
| Q3 25 | $2.19 | $3.98 | ||
| Q2 25 | $2.02 | $4.52 | ||
| Q1 25 | $1.67 | $1.93 | ||
| Q4 24 | $10.38 | $2.42 | ||
| Q3 24 | $2.51 | $4.22 | ||
| Q2 24 | $2.04 | $4.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $392.7M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $7.4B | $3.2B |
| Total Assets | $13.4B | $4.6B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | — | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | — | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | — | $781.9M | ||
| Q3 24 | — | $550.0M | ||
| Q2 24 | — | $424.9M |
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $361.6M | ||
| Q3 25 | $3.1B | $340.8M | ||
| Q2 25 | $3.1B | $338.7M | ||
| Q1 25 | $3.0B | $346.4M | ||
| Q4 24 | $2.9B | $337.2M | ||
| Q3 24 | $3.0B | $321.0M | ||
| Q2 24 | $3.0B | $307.1M |
| Q1 26 | $7.4B | $3.2B | ||
| Q4 25 | $7.4B | $2.8B | ||
| Q3 25 | $7.7B | $2.8B | ||
| Q2 25 | $7.4B | $2.8B | ||
| Q1 25 | $7.1B | $2.7B | ||
| Q4 24 | $7.0B | $2.7B | ||
| Q3 24 | $5.7B | $2.7B | ||
| Q2 24 | $5.4B | $2.6B |
| Q1 26 | $13.4B | $4.6B | ||
| Q4 25 | $13.4B | $4.4B | ||
| Q3 25 | $13.4B | $4.6B | ||
| Q2 25 | $13.2B | $4.7B | ||
| Q1 25 | $12.6B | $4.5B | ||
| Q4 24 | $12.5B | $4.5B | ||
| Q3 24 | $11.9B | $4.5B | ||
| Q2 24 | $11.3B | $4.4B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | 0.45× | 0.13× | ||
| Q3 25 | 0.40× | 0.12× | ||
| Q2 25 | 0.41× | 0.12× | ||
| Q1 25 | 0.42× | 0.13× | ||
| Q4 24 | 0.42× | 0.13× | ||
| Q3 24 | 0.53× | 0.12× | ||
| Q2 24 | 0.55× | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
